321, Hamwa-Ro, Jocheon-Eup, Jeju-City, Jeju-Do, 695-962, Korea Tel) +82-64-784-2890 Fax) +82-64-784-4181

http://www.ilhae.co.kr

COMPANY PROFILE 2013. 5. 15

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ILHAE Co., Ltd.

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CONTENTS 1. Company Profile 2. History 3. Managemental Status 4. Certificates 5. Philosophy 6. Goals 7. Organization Chart 8. Items 9. Process Flow 10. Sales & Financial Status 11. Facilities 12. Future Business Plan 13. Events

1. Company Profile

What’s ILHAE Co., Ltd?

4. ILHAE provides the highest level of food safety to consumers all over the world.

3. To meet changing consumer tastes, ILHAE is continuing its development of dried mandarin orange, dried kimchi,

and dried vegetables using its Balance Chamber Dry (BCD) system.

2. ILHAE is a specialized agricultural and fishery product processor with a 40% market share in the Korean mandari

n orange and carrot juice concentrate market and $2Million export sales.

1. Since ILHAE was founded in 2001, it has insisted on supplying excellent-quality products, including its key

product, the Jeju mandarin orange juice concentrate.

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1. Company Profile Company Name

KOR : 농업회사법인㈜일해 President

KOR : 김 영 훈

ENG : ILHAE Co., Ltd. ENG : YOUNG-HUN, KIM

Corporation No. 220111-0034876 Resident No. 780212-1XXXXXX

Business License No.

616-81-35735 Established 16 July, 2001

Location

Head Office

321, Hamwa-Ro, Jocheon-Eup, Jeju-City, Jeju-Do, 695-962, Korea

Factory

Same as above ■ Registered □ Unregistered

Area Site : 38,076 ㎡ Use District Management Area

Building : 11,035.7 ㎡ Possession Owner : ILHAE Co., Ltd

Main Product

Fruit & Vegetable juice concentrate, Dried mandarin orange, Dried kimchi, Dried mandarin orange chocolate

Turnover [Export]

2012 June : USD 14,304,748 [ USD 1,844,000 ]

Employees Total 38 Capital USD 554,000

HACCP Korea Food & Drug Administration

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2. History 2001

2001. 07 2001. 10

Establishment of ILHAE Co., Ltd. Installation of the process facilities for citrus fruits (250 tons/day)

2004

2004. 08 2004. 10 2004. 10 2004. 12

Cited as a Promising Export Enterprise Moved into its own factory and extended facilities Cited as a Promising Export Enterprise (by the Industrial Bank of Korea) Forged a contract with Mitsubishi Corporation (for the supply of 800 tons of mandarin orange juice concentrate)

2005

2005. 01 2005. 02 2005. 10 2005. 11

Awarded ISO 9001:2000 and HACCP (ISC) certificates Completed the export of frozen Satsuma mandarin orange juice concentrate Cited as an INNO-BIZ Enterprise (No. R5121-0553) Awarded the $1Million Export Tower prize (by the President of the Rep. of Korea)

2006 2006. 03 Exported frozen Satsuma mandarin orange juice concentrate (908 MT, $2.5M)

2007 2007. 07 Cited as a Promising Enterprise (by the Jeju Special Self-governing Province)

2008 2008. 09 Registration of its Tamrawon trademark (Reg. No. 40-0761521)

2009 2009. 02 Cited as an Innovation in Management Enterprise (No. 090401-00165)

2010 2010. 12 Won the 2010 Jeju Economic Grand Prize (from the Minister of Knowledge Economy)

2011

2011. 03 2011. 06 2011. 12 2011. 12

Cited as an Exemplary Taxpayer (by the Superintendent of the Tax Office) A laboratory was affiliated with the enterprise (Korea Industrial Technology Association) The Hazard Analysis and Critical Control Point (HACCP) (No. 270) Won the Jeju Export Grand Prize

2012 2012. 05 2012. 11

Selected as the top company of Jeju in the employment sector Cited as the enterprise of agriculture, industry and commerce (from the Ministry for Food, Agriculture, Forestry and Fisheries)

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3. Managemental Status(Export & Processing performance)

2004 2005 2006 2007 2008 2009 2010 2011

Amount of Processing

26,891 45,080 35,353 40,205 33,973 42,883 34,556 42,007

◇ Processing performance of mandarin orange (unit : ton)

◇ Processing performance of carrot (unit : ton)

2006 2007 2008 2009 2010 2011

Amount of Processing

1,031 1,848 3,467 2,242 2,278 3,570

◇ Processing performance of hallabong (unit : ton)

2005 2007 2008 2009 2010 2011

Amount of Processing

488 20.5 102 55 217 30

◇ Export performance

2005 2006 2007 2008 2009 2010 2011 2012

Quantity (kg)

1,074,060 627,640 527,800 720,720 600,860 343,200 171,600 446,160

Amount ($)

2,852,245 1,796,863 1,457,686 2,133,023 1,827,680 913,000 622,265 1,844,547

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4. Certificates

Food Business Certificate

Distribution & Sale Industry Certificate

INNO-BIZ Confirmation

Innovation in management enterprise Confirmation

HACCP Confirmation Top company of Jeju in employment sectors

A laboratory was affiliated

with the enterprise

Promising Export Enterprise Confirmation

2010 Jeju Economic Grand Prize

The First Jeju Export Grand Prize

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The enterprise of agriculture, industry

and commerce

5. Philosophy

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6. Goals

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-High-quality cook

materials

-Utilization o food

as materials

-Fruit & Vegetable

Concentrate

-Development High-

quality beverages

-Mass cultivation &

Product development

by using a by-product

Concentrate Business

Dried-foods Business

Create the value added

-Increase the sales / profit maximization

-Economic development in rural by effective using farm surpluses

-Market expansion for overseas

7. Organization Chart

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• Planning, Managing • Accounting, 인사 • Domestic/Overseas Sales

• Research & Development • Quality Control • HACCP Management

• Purchasing Raw materials

• Production • Managing

Facilities

• Waste Water Treatment

• Environment Management

• Vehicle Management

• Heavy Equipment Management

8. Products

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Fruit & Vegetable juice concentrate (mandarin orange, carrot, hallabong) Clients Beverages

8. Products

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Dried Mandarin Orange The BCD system dries the mandarin oranges at a low temperature, preserving their original taste, fragrance, color, fiber, and nutrients. Concentrated nutrients: ILHAE dried mandarin oranges contain about 10 times the vitamin C, about 6 times the vitamin B1, about 20 times the vitamin E, and about 24 times the fiber. Dried mandarin orange is a healthy snack and is good for skin care, preventing constipation and overcoming fatigue.

Dried Kimchi ILHAE Healthy Dried Kimchi is made of fermented kimchi and more convenient to use than fresh kimchi. The BCD system dries the kimchi at a low temperature, preserving their original taste, fragrance, color, fiber and nutrition contents. The ILHAE Dried Kimchi is made of 100% kimchi, and nothing else. It is packed in sanitary zipped pouches that have a deodorizing effect, weighs only 1/10 of the weight of raw kimchi, and can be transported and stored more easily and economically.

8. Products

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Mandarin Orange Juice Tamrawon Jeju mandarin orange juice has 100% Jeju mandarin orange juice concentrate that gives it a refreshing and smooth taste. Its added vitamin C is great for your skin.

Hallabong Juice Tamrawon Jeju Hallabong Juice has a richer taste than the existing product through the addition of 50 percent hallabong concentrate.

Dried Mandarin Orange Chocolate The sour taste of mandarin oranges and the sweetness of a thin coating of white chocolate make fantastic harmony in this candy. ILHAE can create various Jeju specialties using the agricultural products of Jeju and chocolate.

9. Process Flow(Fruit & Vegetable juice concentrate)

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9. Process Flow(Dried mandarin orange/ Dried kimchi)

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10. Sales & Finance Status

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Section / Term ‘09.7.1~’10.6.30 ‘10.7.1~’11.6.30 ‘11.7.1~’12.6.30

ASSET TOTAL OWNERSHIP INTEREST

CAPITAL SALES

ORDINARY PROFIT NET PROFIT

9,534 2,349 500

9.852 295 255

15,781 2,558 500 12,121

496 439

13,271 3,359

620 15,997

718 680

Year of crop

Product Name Unit Capacity (Quantity)

Actual Output

(Quantity)

Sales Performance

Domestic Demand

Export

Quantity Amount Quantity Amount

2009 Fruit & Vegetable juice concentrate

Fish Products Ton

7,000 1,000

4,880 400

4,778 400

9,130 393

102 -

329 -

20010

Fruit & Vegetable juice concentrate

Fish Products

Dried Foods

Ton

7,000 1,000

50

3,777 400

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3,447 200

9

9,995 204

344

330 -

-

1,572 -

-

2011 Fruit & Vegetable juice concentrate

Dried Foods ton

7,000 50

5,564 11

5,118 11

13,300 650

446 -

2,047 -

◇ Finance (Unit : one million won)

◇ Sales (Unit : one million won)

11. Facilities

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SECTION PRODCTS USE OF PRODUCTS SCALE MAIN FACILITIES

Mandarin Orange Processing Facilities

Mandarin orange juice concentrate

- Drink’s ingredient - Etc.

700ton/day -Scalder x 3 -Peeler x 20 -Crusher x 2 -Decanter x 4 -Evoporator x 4

Carrot Procesing Facilities

Carrot juice concentrate

- Drink’s ingredient - Etc.

150ton/day -Cutter/Hammer mil x 1 -Cleaner x 5, -Heater x 1 -Belt-press x 1

Dried Food Processing Facilities

Dried kimchi & mandarin orange - Dried Food 2ton/day -BCD-2000 x 10 -Cutting

machine -Automatic packer

Chocolate Processing Facilities

Dried mandarin orange chocolate - Chocolate

-Melting tank –Depositor –Conveyer -Cooling tunnel –Automatic packer –Mold

Napa Cabbage Processing Facilities Kimchi - Food

-Preprocessing facility -Brinishness facility -Cleaning facility -Manufacturing facility

Freezing Facilities - - Storage 300㎥ -495㎡ x 2Building

Substation Facilities - - Utility 990, 990KW

Water Facilities - - Utility 480ton/day -Underground Water

Feed Storage Facilities Mandarin peel

Ingredient feed - Feed material 9,000ton

Heat Supply Facilities - - Utility 12ton -Boiler x 2

Wastewater Facilities - - Wastewater Treatment 650ton/day -Bio Treatment Facilities

Etc. - Vehicular Contrivance - -Truck x 3 -Forklift x 10

-Excavator x 1

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12. Future Business Plan Production of fruit and vegetable juice concentrates

(mandarin orange, hallabong, carrot)

Development of high-quality beverages

Development of beverages using a grain of mandarin

orange

Dried Products

Production of dried mandarin oranges and kimchi

High-quality cooking materials and utilization of food

as materials

Development of recycling technologies by drying the

byproduct

Chocolate

Production of chocolate using dried mandarin orange

Development of chocolate using various Jeju

agricultural products

Fruit & Vegetable Products

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13. Events

Visit from ministry for Food, Agriculture, Forestry and Fisheries (March 2010)

Visit from the governor of Jeju-do (December 2011)

Sisterhood relationship with WOONGJIN Foods Co., Ltd. (July 2008)

Meeting with exporters of agriculture and fisheries food (April 2011)

Trading corporation associations workshop (November 2011)

Support for the development of Daeheul-2-Ri (April 2011)

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13. Events (Food Expo)

We are trying to show the taste of our food by

participating in several exhibitions.

FOODEX JAPAN 2012 (March 2012)

INTER-FOOD KANSAI (May 2012)

HK FOOD EXOP (August 2012)

Jeju exhibitors at HK Food Expo (August 2012)

Consultation with City-Super MD in Hong Kong

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Thank you